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Sony To Buy Chipmaker Altair To Develop Internet Of things

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Sony Corporation has paid $212m for an Israeli technology company with specialist software which the Japanese electronics giant says “is expected to play a pivotal role” in the development of the much vaunted Internet of Things.

The Internet of Things is the description given to the network of physical objects, devices, vehicles, buildings and other items that are embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.

The Internet of Things is the description given to the network of physical objects, devices, vehicles, buildings and other items that are embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.

Altair owns chip technology and software for Long Term Evolution, a 4G cellular standard for mobile devices. Sony said the development of cellular chipsets will create “a connected environment in which “things” can reliably and securely access network services that leverage the power of cloud computing”.

Sony said the Altair acquisition, which it expects to complete in early February, comes amid an expansion in new sensor-based devices and the growth of the so-called wearable devices market.

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